Requirements For The Certified Financial Planner Program
For one’s financial planning career becoming a Certified Financial Planner (CFP) is the highlight of it. The Certified Financial Planner Certification is the designation awarded to those financial planners as well as other professionals who were able to complete all the requirements set by the Certified Financial Planner Board of Standards, Inc. (CFP Board). This is indeed the strongest credential that a financial planning professional can earn.
The Certified Financial Planner Program serves as an assessment exam that will gauge your knowledge and learning in all aspects of financial services that is why it is important that you passed this certification exam. This is a post graduate certification exam that is earned by those individuals who aim to strengthen their financial planning career, take their career further, broaden their knowledge, refine their skills, apply for a higher or different job position, get better salary compensations and most of all keep up with the standards of the financial services industry. That is why this examination is said to be the most challenging exams in the financial services industry.
The Certified Financial Planner Exam is administered by the Certified Financial Planner Board of Standards. The exam covers over a hundred of financial planning and financial services topics. It is a 10 hour exam that is given in 2 consecutive days. It will be a four-hour session on Friday and two 3-hour sessions on Saturday. The exam is consists of 285 multiple choice questions with one case study per session. But approximately 20% of the exam consists of case study questions.
To qualify for CFP online Exam you must meet all the requirements set by the CFP Board. You have to complete the educational coursework requirements. For you to meet the educational qualifications you must earn a Bachelor’s degree or higher from any form of discipline as long as it is from an accredited college or university. Aside from that you also have to complete the formal Certified Financial Planner Course Curriculum wherein you must take special course subjects that are important in the field of financial services. Listed below are the special course subjects that you have to take:
- Fundamental in Financial Planning
- Insurance Planning
- Income Tax Planning
- Investment Planning
- Estate Planning
- Employee Benefits Planning
- Retirement Planning
- Case Study in Financial Planning
- Capstone Course in Financial Planning
You also have to comply with the working experience wherein you must have at least 3 years full time work experience as a financial planner, assistant financial planner or any career related in the financial services. After completing both the educational qualifications and working experience you must then submit for a background check. And lastly you have to adhere to the Code of Ethics that is set by the CFP Board.
The criterion for the passing rate would be based according to the set level of required competency rather than basing it against the scores of other exam takers on that day.
Know about the Certified Financial Planner Program and how you will be able to take it. Find out more about the Certified Financial Planner Exam by visiting and learn more about this exam you are about to take.
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